The Contrarian
The Contrarian
Fed ends rate hike campaign that began 27 months ago. Economy already decelerating and unemployment is on the rise. If history is any guide the Fed probably has a few more rate hikes to go before all is said and done. Economic slowdown will be very positive for bonds notwithstanding today's reaction. Stocks, particularly interest sensitive, should be okay.
Fed ends rate hike campaign that began 27 months ago. Economy already decelerating and unemployment is on the rise. If history is any guide the Fed probably has a few more rate hikes to go before all is said and done. Economic slowdown will be very positive for bonds notwithstanding today's reaction. Stocks, particularly interest sensitive, should be okay.
posted by mike norman at 1:23 PM
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